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Search Results 0 to 49 of about 347 (some duplicates have been removed)
everyone. i'm susie gharib. the economy is barely growing, so the federal reserve says it will keep buying bonds to stimulate growth, and create more jobs. >> tom: i'm tom hudson. facebook's latest earnings beat the street, but while the company saw big gains in mobile ad sales, it's costs also shot up. >> susie: and rim, rolls out the new blackberry 10, a new name, and a new ticker symbol, we look at what's riding on all those bold moves. >> tom: that and more tonight on "n.b.r."! >> susie: the federal reserve said the economy "paused" in recent months, so it's keeping its key interest rate near zero. the decision from policymakers today came on a day of mixed reports about the u.s. economy. on the jobs front, a strong payrolls report showed private employers added 192,000 jobs in january, much more than economists expected. but the commerce department said economic growth, contracted in the last three months of 2012. the g.d.p. shrank by 0.1% the first time that's happened since the financial crisis began. the fed said in its policy statement today that it continues to see "downside risk
continues to see "downside risks" to the economy. unemployment is still "elevated". but household and business spending advanced. >> susie: darren gersh begins our coverage with that weak reading on the economy. >> reporter: last quarter, defense spending fell off the fiscal cliff. as lawmakers bickered, manufacturers who make things for the pentagon cut back production sharply-- defense spending fell 22% in the latest g.d.p. report, tipping the economy into the red. >> certainly manufacturers are pulling back and i think this is a bit of a wake up call that these cuts are real and that they have real effects on the economy. >> reporter: economists and markets did not panic over the drop into the red, because the economy is still showing signs of solid growth. businesses are still buying equipment and software. housing continues to bounce back. and consumer spending held up well, expanding at an annual rate of 2.2%. >> so if you look through some of the volatile components, demand underneath was solid and it doesn't suggest the economy is losing momentum. so a scary headline numb
is on. tonight: the economy is still in neutral gear. >> amazing job though convincing people that things are rosy. >> bill: bad news for the u.s. economy. it is going down again. even as president obama's poll numbers are going up are we the people completely clueless? we have a special report. you al gore are doing business with this country that's enabling your ultimate foe climate change. >> i think i understand what you are getting at. [ laughter ] >> bill: even david letterman is pounding al goren othe hypocrisy of making money from big oil. we will show you how gore is being treated by the left-wing media. >> isn't there a contradiction in that? also tonight dennis miller on the most popular tv personalities in america and my interview with collin powell last night. caution, you are about to enter the no spin zone. the factor begins right now. >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. bad economic news but it doesn't seem to matter to the folks. that is the sung of this evening's talking points memo. last quarter, the economy fell back. in fact, it
. >>> and now to the economy. the labor department releases january's report this morning. the economy remains sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. we have an economy still struggling despite positive signs like higher consumer spending and business. we expect sluggish growth in today's report. of course, any surprises there could jolt the market. wall street is eagerly awaiting the government's january jobs report. analysts predict the company added jobs last month but not enough to budge the unemployment rate from its current 7.8%. >> it's been a slow process. >> latoya patrick is one of america's estimate 12 million unemployed workers. she's been looking for a job since the fall after graduating with a master's degree. >> i'm not going to lie. it's been tough sometimes. when you're home, you feel like i spent all this time going to school and it's like nobody's giving you a chance. >> economists say until more people like latoy
of this administration. it's the norm because the economy collapsed. we all remember that the economy collapsed. and to withdraw federal spending from a collapsing economy is only to make things worse. the economic collapse created these deficits, and as the economy recovers, we can draw this will down. now, there's not aagreement on that. some have preached austerity as the way forward when the economy coul lapses. -- collapses of the and when this withstand, there was lively debate between those who support that would be more sensible than austerity. we're past us a started and now into experience much the experience of foreign countries belies that austerity works when economies are collapse ago. from spain to greece, european countries that responded to the economic downturn by slashing their budgets are suffering from shrinking economies and persistent double-digit unemployment rates. a recent i.m.f. report estimates that budget austerity in a weak economy might actually inflict significant harm and have a much lower-than-expected effect on the deficit, consistent with the observations in
are off 80, pushing us. let's go back to the economy. president obama and harry reid wants to tax the rich more. more revenue, they say. that means higher taxes. saying his policies will cause the economy to grow. this year. joining us from nashville. art laffer. what you say, if we raise taxes more this year, are we going to grow the economy stronger? >> we can do something, if we broaden the tax base dramatically and lower rates, we can really get the economy growing, but i don't think that is what he is talking about. he is just talking about rubbing the base. stuart: you take money away from a certain group of people and spread it around to the others. >> i don't think we need more taxes, stuart. and by the way, the point harry reid makes, which is correct as far as the senate goes, they were elected to the senate and obama was reelected, but so was the house numbers. the house numbers were elected on their policies as well, 235 republicans, they were not elected to increase spending and push higher tax rates is and they control the house. so using this political argument is a fault, i
the afternoon. i'm shepard smith. >> neil: economy is suffering, is this time to be hiking. i'm eric bombing and the economy isn't just slowing it's shrinking. it dropped by tenth of percent. it's the first time that happened in three and a half years. all this as democrats are pushing for more tax hikes. former reagan advisor art laffer says that is the last thing we need. first thing in three and a half years we will an actual contraction in the economy and brought it to 2.1%. we spent $5.8 trillion and this is what we get for it. >> it's just dumb on the outside. government spending is milton friedman is taxation. government doesn't create resources, it redistributes resources and this government spending is why we had the recession. obama continued the bad job for four straight jobs and this is the result. >> eric: but they would say isn't for government spending we would have no growth? >> government spending it's not in spite of government spending it's because of the government spending. we think of it, you got two guys in the world, "a" and "b". if "b" gets unemployment benefits who
a great night. ♪ lou: >> a very good evening. i'm lori rothman. the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession. the government cutting spending and u.s. businesses trying down inventories in the fourth quarter causing the economy to contract for the first time in more than three years. u.s. gross domestic product falling a rate of a tenth of a percent, that is the worst performance since the second quarter of 2009. this is growing at a 3% clip in the third quarter of last year. the federal reserve today saying that growth has stalled, but telling the public temporary, pledging to continue with the easy money policy into the outlook for employment improved substantially, the news coming as somewhat of late surprised as economists predicted. the economy hit with super storm sandy in late october causing extensive damage along the east coast, seen as a major factor. economists see the same growth in excess of 3 percent will be needed to significantly lower unemployment and get at least some of the 23 million unemployed
the economy, and but drug-traffickers out of business. but, it is a slippery slope. ron crumble from within. i agree with you. we also asked the question of gerriwillis.com. 453 to 45 percent said yes, 57 percent said no. more obamacare drama. the congressional budget office estimated the health care law will cost over a trillion dollars over the next ten years and is questioning readiness of the state insurance exchanges. never fear, cbo, the states are hiring navigators, tens of thousands of workers needed to help people register for the health insurance exchanges. according to the "washington post," state officials are facing a herculean task of finding these navigators. long-term cost will have to come from the exchanges, which will rely on fees from insurers. the money for fees will not be available until 2014, far after the navigator's will have to be working in in place. in the meantime, some workers may be funded by federal grants, private money domestic budgets, not good news for most states facing financial straits. california alone is planning to hire 21,000 of these exchange helper
of an economy. rich: if any of the amendments pass, the bill then heads back to the house. the senate will very likely said this bill to the president's desk this evening. the sequester beginning in march in a large portion of government authority running out march 7. if they fail to reach a spending puma we will have another government shutdown. back to you. connell: let's bring in band manager. -- let's bring in dan and. the president is a bully. is that what that means? >> clearly, john boehner is now understanding that what is going on is he is in the thunder dome. rather than in a good-faith negotiation with the president. i am so glad, dagen, in your introduction $450 at least twice. $450 billion is incomprehensible. the democrats are arguing that the to spend this money because they feel that with the economy weak public spending will lift the economy. every dime spent will raise the economy a dollar $0.50. the republicans are arguing that rather than say spend -- let's talk about this the questionnaire. rather than spend that $69 billion, let's take it and put that 69 billion back in th
. often they do that in the shadow economy, a place where employers may offer them less than the minimum wage or make them work overtime without extra pay. when that happens, it's not as bad for them, it's bad for the entire economy, because all the businesses that are trying to do the right thing that are hiring people legally, paying a decent wage, following the rules, they are the ones to suffer. they have got to compete against companies that are breaking the rules. the wages and working conditions of american workers are threatened as well. if we are truly committed to strengthening our middle-class and providing more ladders of opportunity to those who are willing to work hard to make it into the middle class, we've got to fix the system. we have to make sure that every business and every worker in america is pulling by the same set of rules. we have to bring in the shadow economy into the light so that everybody is held accountable. the businesses and the immigrants getting on the right side of the law. common-sense. that's why we need comprehensive immigration reform. host: presi
. >>> first up, spanish economy contracted more than forecast with gdp down 1.8% annually, .7% from the previous quarter. analysts were looking for a smaller 1.7% drop over last year. speaking after the release, the spanish prime minister, mariano rajo, planned to announce new stimulus measures shortly. joining us are sarah perez fruitos, manager at brunswick capital, and sarah foley. add the gdp number to the awful retail sales, forecasts now that spain will still be in contraction in 2014, i don't see how it's at all possible the spanish government is going to meet -- they'll set out revised budget targets. i don't see how they'll meet any of them. >> really, the t's about the figures that we knew this morning. basically because last quarter we have an increase on the vat taxes and really we pass from the bat from 70% four years ago to 21% now in the last quarter. really as you say, the retail -- the consumer has fallen down dramatic. we need to remember that the public employees has cut their extra payment from the christmas extra payment. and this situation with no more extra fo
of time will essential double fuel economy up to 54.5 miles per gallon. it does it in a way that collaborates with the automakers themselves in a way that will produce the kind of cars that are safe and effective and perform the way that american consumers want to see. will really provide tremendous benefit. so it's a win for everyone and that i think is my basic message. if you look at on the climate change side, whether we're we ae talking about is over the course of 2012-2025, those vehicles are going to reduce their carbon pollution by 6 billion metric tons. we're talking about 12 billion barrels of oil saved. these are numbers that are not to be sneezed at, ladies and gentlemen. these are very large benefits to society. in terms of automakers can we saw the automakers standing up for the president. we saw them touting this initiative because they knew they could be producing cars that were more efficient and that consumers would want to purchase. and on the consumer side, perhaps consumers here are the biggest winners of all. they are going to get cars that again perfor
. we still have a risk to the economy. i don't see us heading off to a robust, fast recovery. i think 2013 will be better than 2012. i wish i could tell you that it would be really good because that's what we need. >> i don't call myself an economist. i specialize in economic policy. i try to be a good consumer of other forecasts. one thing i learned from that is frankly i don't trust any macro forecast that goes beyond six months. i don't think -- they are just guessing beyond that. i think we probably -- at least i would have similar reactions. i am still concerned about the risks posed by europe. i'm still quite concerned about the risks from things heating up in the middle east. the u.s. economy is repairing itself. we don't have at significant housing drag that we did a year or two ago. balance sheets are repairing. yes, things seem to be heading in the right direction. but i also think that people often make the mistake of confusing the level for the growth rate. i think we need to understand that even if the economy grows at 2% or 3% this year which seems to be the optimistic b
and cuts in defense spending. it did not announce any new action to stimulate the economy. wall street reacted by giving up some of its recent gains. the dow jones industrial average lost 44 points to close at 13,910. the nasdaq fell 11 points to close at 3,142. those are some of the day's major stories. now, back to jeff. >> brown: whither the economy? that's been the question for quite a while now. today, there was a surprising and perhaps confusing new twist. the commerce department reported that gross domestic product actually shrank in the last quarter of 2012. the drop was small, one tenth of a percent. but it was still the first time economic output had fallen in three and a half years. government spending dropped, most dramatically in the defense sector. the report, though, also contained some positive developments: consumer spending and business investment were both up. and yesterday, the so-called case-shiller index found that housing prices grew in 20 major cities by an average of 5.5% over the previous year. it was the biggest gain in six years. we talk it through, with joe
in washington are giving us what is good for the economy and that is a on a diet while the private sector continues to grow and when you compare us to the last expansion there were 150,000 private sector jobs added herman in the last expansion and in this expansion there are 200,000. believe it or not washington may be helping us. dagen: if times are so great, why is the ten year treasury below 2% on a yield? why hasn't the bond bear market showed up yet? which you were calling for last march? >> you are right. i got to tell you it has probably more to do with the craziness of central bankers than anything else? i was just in davos last weekend we spent a lot of time talking about the monetary policy, what is going on, how unorthodox this all is. the thing that i said to mark carney of the head of the bank of england was waived lb into uncharted waters and acknowledging we don't know how to get home we decided to sell deeper into uncharted waters. we are setting ourselves up for major problems. the fact that the fed continues to keep interest rates this low especially when i can point to
numbers announced yesterday. the economy added 150,000 new jobs, but the unemployment rate ticked up to 7.9%, which is what we have there on our map this was also the lead story in this morning's new york times -- on our map. this was also the lead story in this morning's new york times. patrick, explain how that works, more jobs added, but the unemployment rate goes up. guest: the economy needs to add up -- needs to create enough jobs to make up for people coming into the labour market. this month, we fell slightly short of getting there. it is worth noting, the unemployment rate has a margin for error of 0.2%. when it picks up a 0.1%, we say, it is essentially unchanged. there is a wiggle room for measurements. it is right around par. host: when these numbers come out, the numbers come out, and there is an explanation that they can be adjusted in a month or so down the road trips -- road. guest: tell us about -- as more data comes in, debris-estimate how many jobs came in, and for december, they went from 155,000 jobs to 196,000 jobs. and in november, job growth was showing 146,000 jobs
's economy. david cay johnston on today's troubling gdp report. >>> bobby jindal breaks his own rule. >> we've got to stop being the stupid party. >> find out how the poor in his state are about to start suffering on friday. >>> and brand-new polling proves again that we're living in a center-left country. tonight i'll tell you why it's up to one person to keep it that way. good to have you with us tonight, folks. thanks for watching. an emotional scene on capitol hill today. former congresswoman gabrielle giffords returned to congress for a senate hearing on gun violence. two years ago, giffords was shot in the head during a shooting spree that killed six people in tucson, arizona. the 71 words gifford spoke today did not come easy for her. but her message is one every american needs to hear. >> thank you for inviting me. here today. this is an important conversation for our children, for our communities, for democrats and republicans. speaking is difficult, but i need to say something important. violence is a big problem. too many children are dying. too many children. we must do somethin
at the same time. >> how can they get ahead when they do not have the economy and the jobs and the opportunities. >> it is utterly wrong. >> i think this is her rent this. >> it is an honor for me to help out my mother. >> everyone just piles into one house because nobody can afford their own things. stuart: any last comments on the sandwich generation? >> it was like we were in the 40s and 50s. stuart: our time is up. dagen and connell, it is yours. dagen: thank you, stuart. i am dagen mcdowell. connell: i am connell mcshane. the economy when it negative. private-sector job growth offering some hope for the road ahead. connell: you only see this on the fox business network. elizabeth macdonald ringing exclusive video showing us how hospitals are putting money before patients. dagen: research in motion rolling out the blackberry ten. a band-aid for a gaping head wound. connell: i love name changes. dagen: let's go to nicole petallides at the stock exchange. good morning. nicole: let's talk about the markets. the dow is down about 14 points right now. we have had the dow not
: meanwhile breaking news on the economy. it's the worst it's been in more than three years. but democrats aren't blaming the tax hikes they just pushed through. no. something else. >> our economy is facing a major headline which goes to your point, and that's republicans in congress. >>steve: darned republicans. democrats' plan? print more money. brian. >>brian: make way for the future site of the obama library. but first we need to get ronald reagan's childhood home out of the way. break out the bulldozer. "fox & friends" starts tphoufplt >>gretchen: good morning. usually when we come in in the morning, we all have our own ways of preparing for the show. unfortunately i have to spend a little bit more time in hair and makeup. and during that time is when i start looking at the news papers, the hard-core ones, not on my ipad. i have to say i was a little shocked at the front cover of the new york post this morning when it hit my lap. that one right there. dan marino, we all know over at cbs sports, hall of fame quarterback with the miami dolphins, probably the best quarterback to not win
past the hour. ♪ ♪ stuart: the financial times headline, u.s. slips into reverse. the economy is shrinking. the word recession is on the table. we have the worst so-called recovery in generations. our debt goes up by a trillion a year. the white house says the republicans are to blame, spending cuts are to blame. super storm sandy is to blame. excuses. the numbers are what they are. the economy is sinking. president obama's policies seem to be failing. his approval rating is at a three year high. arnie and company about to begin. aving triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capt
. surprise contraction in gdp. the economy shrinking for the first time in three and a half years. lori: also, betting big on library. research in motion changing its name and unveiling the highly anticipated blackberry 10 device. coming up in minutes. the ceo thorsten heins. melissa: and it turns out japan's two largest airlines have had problems with the dreamliner battery long before the issue. time for stocks as we do every 15 minutes, let's head to the floor of the new york stock exchange. nicole petallides. those gdp numbers keeping the dow away from 14,000. nicole: they certainly did throughout the morning. it brings concern when there is no good gdp numbers. there has been less on defense and concerns, let's take a look now, much like we have seen recently where the dow goes over that one change line over and over again. today seems to be no different as we are back in positive territory. we haven't taken out our highs we saw yesterday, five year highs for the s&p 500, dow jones the thrills, russell 2000. we have had a lot of names and a lot of these indexes hitting these highs we hav
. >> and when you consider what happened is in the german economy in the fourth quarter, the headline gdp figures disappoint and yet the employment data looks okay. >> which is one of those things. we'll cure our eyes on the reaction to that. plenty of news to come, as well. plenty to come on the show. let's remind you what is on today. it's all about financials not just in europe and japan, but in india where the country's biggest lender has just posted number peps we'll be out to mumbai for a breakdown. >>> and what are the traders saying? at 10:45 european time, we'll have our eyes on stocks from the london trading floor. >> other indices around the world posted record indices around the world in january. >> and we'll explain more in a little bit. >>> first, deutsche bank shares are trading higher today after the group reported strong operating performance for its divisions in the fourth quarter, despite posting a heavy loss. the german euro booked a 1 million litigation charge which led to restructuring. in an analyst call, it was said the group does not need to issue more sales but l
. with massive federal budget cuts looming, the local economy has no choice but to ajetion. >> but to adjust. >> sequestration, federal cutbacks, just the threat of that has slowed our economy. >> reporter: that's the big picture. the little picture hits you right in the paycheck leaving local economy watcher dr. steven fuller of george mason crunching the numbers for your bank account. >> we're down about 8,000 jobs from the peak which was in mid- 2010. average salaries in the washington area went down first time. >> reporter: long considered one of the best economies in the country, the washington area is still -- [indiscernible] -- but it's at risk of losing its edge. the transition could change the region's spending habits. >> we won't be able to support so many white table restaurants or won't be able to support as high end a housing market if this continues for many years. we're going through a major change in the economy. >> reporter: even if congress stops the budget cuts, the local economy could be in for a rougher ride this year since we're taking home less money. you can blame the
a new set of challenges after the commerce department reported yesterday that the nation's economy shrank for the first time since the great recession. >> how did that happen? >> well, government data shows the gross domestic product contracted at a .1% rate in the fourth quarter of 2012. it was the first decline since 2009. it put the white house on the defensive after months of touting steady job growth. >> there's more work to do, and our economy is facing a major headwind which goes to your point, and that's republicans in congress. talk about letting the sequester kick in, as though that were an acceptable thing belies where republicans were on this issue not that long ago, and it makes clear, again, that this is political brinksmanship of the kind that results in one primary victim, and that's american taxpayers, the american middle class. >> okay. what do you think is going on there, joe? >> i think what's going on is that we have spent more money as a government over the past four years than we have in the history of the republic. added $6 trillion in debt. and we have just
the economy. think about language. nobody planned the english language. it arose spontaneously it evolved just like the french language, the russian language. there are a few languages that have two things in common, they were designed by human beings, they were planned and no one speaks them. all the languages that people speak are examples of spontaneous order. law, i know we're here in the ray burn -- rayburn office building and everybody thinks they are involved in making law. the fact is, law evolves spon spontaneously. sometimes they turned to a neighbor to settle them. some of the wisest neighbors became known as judges. that's how precedent and case law built up. it was actually much into that process that government started saying let's write it down. and intrude it and change it through legislative or skeeverd. money, most people think money is something ben bernanke prints. but it evolved because again, people had problem. how do i trade? if i have a fish and you have an apple then we have an easy trade. but if i don't like apples and you have enough fish then we have to make the tr
the economy, they say, is starting to turn around. what is going on here? we will bring in the senior business correspondent and anchor of bulls & bears. thank you for joining us. this number, then, is increasing. in fact, two years ago, 42 percent of retirees were putting off retirement. why the increase? >> it has been -- we have been getting more gray as a workforce because people have longer life spans and they have better health. we have switched from defined pension benefits to more risky 401(k) plans for people who have worked longer. the last two years was a dramatic jump leaving us to think it is something to do with the economy. people have been drawing down the 401(k)'s and into their savings because they have lost jobs and the value of homes are going down. the storm now is back where it was before the big financial meltdown in 2008 but, however, there is a feeling of insecurity. that is what is driving people to stay in the workforce longer. >>heather: home prices are rising now, and you mention the stock which has turned around if now. so, with the economy possibly rebounding, ho
Search Results 0 to 49 of about 347 (some duplicates have been removed)

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